International Finance Corporation2024-03-202024-03-202023-09-01https://hdl.handle.net/10986/41231IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working in more than 100 countries, IFC committed a record 43.7 billion in own-account investments and mobilization from third parties to private companies and financial institutions in developing countries in fiscal year 2023 (FY23). Between 2015-2020, at the request of the Greek government, IFC was authorized by its Board to make direct investments in Greece to restore investor confidence and act as a catalyst to mobilize private sector capital. IFC’s engagement in Greece ceased at the end of 2020. As of FY23, IFC’s long-term committed portfolio with Greek sponsors in emerging markets amounted to over twelve million, while IFC’s long-term committed portfolio in Greece stood at fifty-three million.en-USCC BY-NC-ND 3.0 IGOFISCAL CONSOLIDATIONFISCAL BALANCEFINANCE AND GROWTHGROWTH FROM EMERGING MARKETSBriefWorld Bank10.1596/41231